Donald Trump · Bitcoin · CLARITY Act · U.S. Treasury · Bitcoin.com News
Zcash (ZEC) jumped 47.1% in 24 hours to lead a broad altcoin rally on August 22, with bitcoin cash
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Multiple altcoins rallied over the past 24 hours, with privacy coin zcash (ZEC) leading the roost, up 47.1% to $836 before retreating slightly and settling near the $810 range.
Key facts
- The rally was not confined to privacy coins as cardano (ADA) advanced 19.0% to $0.2563, and dogecoin (DOGE) and whitebit token (WBT) each gained 17.7%
- Multiple altcoins rallied over the past 24 hours, with privacy coin zcash (ZEC) leading the roost, up 47.1% to $836 before retreating slightly and settling near the $810 range
- Zcash has become this year’s standout performer, with a privacy push and certain exchange-traded fund (ETF) developments driving a 13% climb on August 21 alone, pushing the token to an intraday high
- Ethereum broke above $2,000 for the first time in over two months, peaking at $2,112 following a U.S. Treasury announcement…
Summary
Zcash (ZEC) jumped 47.1% in 24 hours to lead a broad altcoin rally on August 22, with bitcoin cash, cardano, dogecoin and chainlink all posting double-digit gains as bond buybacks and Clarity Act optimism lifted the wider crypto market. Zcash (ZEC) led gainers with near 50% jump to $836 before retreating to $810. Bitcoin cash climbed 31.4% to $299.49 as cardano, dogecoin and chainlink also posted double-digit gains. Trump’s Clarity Act push and Treasury bond buybacks seem to be fueling the broader rally.